Weightmans advise HSS Hire Group Plc in £23m transaction

HSS (or “the Group”), a market leader in equipment hire in the UK and Ireland, sold ABird Limited and Apex Generators Limited, the Group’s power solution providers, to CES for an enterprise value of £23.25 million, subject to customary transaction adjustments.

CES is a leader in the provision of temporary power and HVAC solutions for large-scale events and industrial applications. As part of the transaction, HSS has entered into a commercial agreement with CES for the cross-hire of power generators and related services, to achieve broad distribution of and customer access to both parties’ existing fleets.

The Weightmans team acting for HSS was led by partner Nick Fothergill, assisted by associates Francesca Hillyard and John Kemp, and trainee solicitor Egle Urbonaite (Corporate), partners Tom Trowhill and Laurence Pritchard (Commercial, Competition and IP/IT), partner Michael Ryley and solicitor Ben Dos Santos (Employment), principal associate Nick Barker (Environment), partner Mark Poulston (Pensions), associate Maqadas Ali (Property), and partner Haydn Rogan (Tax).

Nick Fothergill, Weightmans partner, said:

“We are very pleased to have helped HSS Hire Group Plc on the sale of ABird Limited and Apex Generators Limited, a transaction which is another step in its transformation and driving its strategy forward”.

Daniel Joll, HSS general counsel and company secretary, said:

“Nick and the team have acted for HSS on several transactions and, once again, we were very pleased with the advice provided and their ability to meet a tight timetable to complete the transaction."

ABird and Apex are leading UK providers of power solutions, operating from sites around England, Wales and Scotland. Their business specialises in designing both short and long term generator solutions from 20KVa to 1260KVa, underpinned by remote fleet management technology.